Hotel Management & Catering Technology Admission Test Solved Paper

2. Most plant and animal cells are similar in some respects since they both have in common–(A) Cytoplasm and cellulose (B) Cytoplasm and contractile vacuole(C) Cytoplasm and nucleus (D) Membrane and cell wallAns: (C)

9. Winds and air currents differ in the aspect that–(A) air currents blow much faster than winds(B) air currents are always moisture laden while winds are usually dry(C) the winds blow on lands while air currents blow over seas and oceans(D) winds are horizontal movements of air while air currents are the vertical movements of airAns: (D)

17. Balance sheet shows the financial position of the enterprise–(A) at a point of time (B) for a period of time(C) None of these (D) None of aboveAns: (B)

18. Return on investment measures a relationship between–(A) Net profit before interest and tax and capital employed.(B) Net profit after interest and tax and capital employed.(C) Net profit before interest and tax and total employed.(D) None of the aboveAns: (C)

19. If the cost of goods sold is Rs. 2,00,000, the value of opening stock is Rs. 40,000 and the value of closing stock Rs. 60,000, the stock turnover ratio will be equal to–(A) 5 times (B) 4 times(C) 3.33 times (D) NoneAns: (B)

22. Subscriptions received in advance are–(A) an income (B) an assets(C) a liability (D) NoneAns: (C)

23. The income and expenditure account reveals–(A) cash in hand (B) surplus and deficiency(C) capital account (D) None of the aboveAns: (B)

24. In the absence of an agreement to the contrary, partners share profits and losses in the–(A) ratio of their capitals in the beginning of the year(B) ratio of their capitals at the end of the year(C) ratio of average capital(D) equal ratioAns: (A)

25. The current account of a partner–(A) will always have a credit balance(B) will always have a debit balance(C) may have a debit balance or a credit balance(D) can never have a debit balanceAns: (C)

26. Indicate the alternative which you consider to be correct in the following case :When A and B, sharing profits and losses in the ratio of 3 : 2, admit C as a partner giving him 1/5th share of profits. This will be given by A and B–(A) equally(B) in the ratio of their profits(C) in the ratio of their capitals(D) None of the aboveAns: (C)

27. Indicate the alternative which you consider to be correct in the following case :X and Y are partners sharing profits in the ratio of 3 : 2. Z is admitted with 1/4th share in profits which he acquires equally from X and Y. The new ratio will be–(A) 9 : 6 : 5 (B) 19 : 11 : 10(C) 3 : 3 : 2 (D) None of the aboveAns: (A)

28. The portion of the authorised capital which can be called-up only on the liquidation of the company is called–(A) Issued capital (B) Unsubscribed capital(C) Reserve capital (D) None of the aboveAns: (D)

29. Debenture holders are–(A) the owners of the company (B) the vendors of the company(C) the creditors of the company (D) the customers of the companyAns: (C)